Filmmakers regularly say it’s impossible to get a medium sized movie made in Hollywood. They believe studios would much rather make a $250 million movie than five $50 million movies and that might be the case. Paramount, however, is having a blast making much cheaper movies. In addition to the Paranormal Activity franchise, they’re currently in post production on Almanac, produced by Michael Bay‘s Platinum Dunes and directed by Dean Israelite. That’s a $13 million found footage movie that follows a group of teenager who mess up their lives with time travel. It’s out in February.

Paramount and Platinum Dunes must like what they’re seeing from that film because they just bought the next pitch from Almanac‘s writers Jason Pagan and Andrew Stark. It’s called Raindrop and it’s another high-concept, found footage film with a small budget. Read More »